John Hess: US oil ‘trapped here’

CEO John Hess joined ConocoPhillips Chairman and CEO Ryan Lance on CNBC’s Squawk Box. Senator Heidi Heitkamp (D-ND) guest hosted the episode, which focused on lifting the 40-year-old U.S. crude oil export ban. “At a time when the US is considering removing sanctions on Iranian crude oil exports, we should remove the 40-year-old sanctions on US crude oil exports,” Hess said. “Our oil is trapped here because of the ban.”